Originally posted by krautfuher:
I am a grad with good honours from a local university.
Where I am working now, I am starting to feel its better not to spend that one year pursuing honours unless you intend to work in civil service. Its better to spend that one year starting work early and gaining more experience / earning power.
I have one colleague, we joined the company at the same time. He did not do honours (just a 3 year course) and by the pay structure of the company (all starting pay is the same), now he is drawing the same pay as me. And I'm no slouch at work either (Not the lam nua kind). What the heck!

It might be a better path to skip the honours year and go out to work and gain experience and one day do a Masters course. But of course, some Masters courses require you to do honours (but not all).
Conclusions - one should not do Honours if:
1) One does not intend to work in civil service.
2) One intends to work in civil service but does not let the $$$ difference get to you (honours grads earn more)
3) Honours is not a pre-requisite to getting into your industry of choice.
4) You intend to work in sales / marketing / trading.
5) You intend to work overseas, in some country where companies not give a damn whether you have honours or not, or 1st or 2nd class for that matter.
Your observations are correct!
Honors by itself is mostly useless unless you want to apply to the following types of companies:
- Civil Service (this is where the usefulness of honors shows. N in some sense your future career path is charted based on ur education. Of course the scholars from the start have the best paths. Even if you perform better than them in work, a cmi scholar is still more likely to 'outperform' u in terms of career progression.)
- Big MNCs which are popular with graduates (If you are the HR screening these applications which can come in the thousands and hiring is mostly done on regional basis at fixed time periods every year, the easiest initial screening step is looking at grades first) [Still there are exceptions]
- Big Banks in competitive positions (same as Big MNCs explanation given above)
If you are applying for a normal MNC or even SME, honestly honors won't make a diff. The reason why some companies still pay honors students more (MNCs, civil service etc) is to act as an example that they value grades. Imagine if all companies paid honors students the same as normal degree, who the hell would work so hard to get honors in future?)
The honors advantage only comes in initial stage, after that. It's useless liao. Pretty much up to your individual capabilities and networking skills. If you do a nationwide poll, you'll find the richest people are infact the most uneducated, but no government wants to do this. Doing that would destroy the value of education immediately n cause social chaos.
It's the same problem with guys supposed to be paid slightly higher due to NS. Again only civil service and big MNCs mostly do that to show they 'value' ur time lost in the military. Most of the time, it's just used as a good PR tool for big MNCs. Some SMEs might pay guys more but there's no stated rule bounded by law, so don't hope for higher pay at start just cause u gave 2 yrs of ur life to military.
About your masters question, if you are an uneducated idiot running a multi-million dollar company churning strong revenues and expanding overseas, I'm sure most MBA schools will want u to be their teacher. So honors isn't really useful. What matters more is your job experience.
Regarding masters degree or MBAs, I've met many people who thought by getting a MBA, they can get a career boost. Most of the time, no, it doesn't work that way. You have to be a natural high-flier first where you can get on ahead regardless of whether u get an MBA or not. Know the difference. It shows that paper qualifications by itself is still useless ultimately.
Also your choice of MBAs are very important, either you go for the best or you don't bother with MBAs and just focus fully on your career. Get the best like Chicago Graduate School of Business or INSEAD which both have local collages in Singapore with part of the curriculum thought overseas. These are one of the best globally and I consider them as future options as they have offices in Singapore. Such MBA courses are used more as a ground for networking rather than actual theoretical learning. I've checked with the Chicago GSB one, u need 10yrs working experience, course fees about USD100k-200k. Again don't bother with an MBA unless you are already a high-flier. N yeah, I do not even consider local Masters - wasting time n money.
Please do not chase paper for the sake of paper. It will not work out. Look at china, there are so many masters students there, so few have jobs. N their course content is comparable to ours, maybe even tougher.
Focus on developing your own internal capabilities. Work hard, work smart, network well, focus more on soft skills. I strongly emphasis the last point. There are many smart n brilliant pple who can only converse well with computers or robots. They are most likely going to spend the rest of their lifes holed up in the IT basement talking to the computers for the rest of their career.
All the best to your career!